Trade Desk (TTD) Releases Earnings Results, Misses Expectations By $0.06 EPS

Trade Desk (NASDAQ:TTD) announced its quarterly earnings results on Thursday. The technology company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06), Morningstar.com reports. The firm had revenue of $118.80 million during the quarter, compared to analyst estimates of $117.48 million. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The business’s revenue was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Trade Desk updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

NASDAQ TTD traded up $0.37 during trading hours on Friday, reaching $122.57. 5,932,338 shares of the company’s stock were exchanged, compared to its average volume of 1,206,965. Trade Desk has a one year low of $40.70 and a one year high of $161.50. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 103.00, a PEG ratio of 4.99 and a beta of 3.16.

A number of brokerages recently weighed in on TTD. SunTrust Banks increased their price target on shares of Trade Desk to $130.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada increased their price target on shares of Trade Desk from $80.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Oppenheimer increased their price target on shares of Trade Desk from $101.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. BidaskClub downgraded shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Stifel Nicolaus increased their price target on shares of Trade Desk from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $118.53.

In related news, insider Brian John Stempeck sold 21,000 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $122.83, for a total transaction of $2,579,430.00. Following the completion of the sale, the insider now directly owns 66,020 shares of the company’s stock, valued at approximately $8,109,236.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Robert David Perdue sold 903 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $124.79, for a total value of $112,685.37. Following the sale, the chief operating officer now directly owns 132,996 shares of the company’s stock, valued at $16,596,570.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 640,974 shares of company stock valued at $86,922,757. 26.87% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC World Markets Inc. bought a new position in shares of Trade Desk during the 3rd quarter worth approximately $2,475,000. American International Group Inc. grew its stake in shares of Trade Desk by 5.1% during the 3rd quarter. American International Group Inc. now owns 21,587 shares of the technology company’s stock worth $3,258,000 after acquiring an additional 1,055 shares in the last quarter. BlackRock Inc. grew its stake in shares of Trade Desk by 16.1% during the 3rd quarter. BlackRock Inc. now owns 2,312,897 shares of the technology company’s stock worth $349,039,000 after acquiring an additional 320,518 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Trade Desk by 180.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,810 shares of the technology company’s stock worth $274,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Trade Desk by 4.3% during the 3rd quarter. Swiss National Bank now owns 53,800 shares of the technology company’s stock worth $8,119,000 after acquiring an additional 2,200 shares in the last quarter. 70.60% of the stock is owned by institutional investors and hedge funds.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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Earnings History for Trade Desk (NASDAQ:TTD)

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